Headquartered in Marlow, Whistl are the leading delivery management company with activities in Business Mail, DoordropMedia and Parcels. They are market leaders in Downstream Access Mail (DSA) services, handling over 50% of bulk business mail in the UK and their mail expertise and infrastructure supports their continued growth in the parcel delivery and the e-commerce market.
Whistl’s investment forms part of their strategy to further their growth in the e-fulfilment market. Prism DM, with facilities in Farnborough and Rushden, is the premier UK solutions provider for out-sourced fulfilment services. They have numerous high profile clients including Long Tall Sally, Oliver Sweeney, Brand Alley, Warner Brothers Studios, Le Chameau, National Trust, Sport Pursuit, and Emma’s Diary. Over the past year Prism DM has experienced profitable growth and with the support of Whistl this is anticipated to accelerate.
Following the deal, Lieneke Happel, IT and Strategy Director at Whistl will become the new Managing Director of Prism DM, working with Prism DM’s Rashpal Gill and his team. The founder director of Prism DM, Mike Thom, will remain with the business on a part-time basis for the next two years to help with its strategic development.
Nick Wells, CEO Whistl UK Ltd, commented:
“The move into e-fulfilment is a natural progression for the company and extends our offering in the supply chain. The 180 Prism staff will continue to provide excellent service, expertise and know-how to the business and with our size and scale we hope to maximise its potential in the future.
Thanks to the team at HMT, we agreed on a deal that worked for all parties”
“We are delighted to have worked with the management team at Whistl once again and helped them to deliver the deal that will extend their offering into the e-fulfilment market. This transaction is testament to the quality of HMT’s integrated corporate finance offering as we provided Whistl with full buy side support services, supporting their negotiations and deal management as well as through financial and tax due diligence. We congratulate Lieneke, Nick and the team at Whistl and look forward to continue to support them in their growth plans.”